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The Four Horsemen of the Great Ravine, Part 1

By Ben Hunt | 17 Comments

Every so often, things fall apart.

In the words of those who lived it, here are the vibes and the semantic signatures of the twentieth century’s most devastating social collapses.

From the meaning in their words, wisdom for our future emerges.

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Why Am I Reading This Now? 01.06.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.30.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.23.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.16.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.09.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



In Praise of Bitcoin

By Ben Hunt | 62 Comments

What made Bitcoin special is nearly lost, and what remains is a false and constructed Narrative that exists in service to Wall Street and Washington rather than in resistance.

The Bitcoin narrative must be renewed. And that will change everything.

Recent Notes

The NFL Has a Gambling Problem

By Rusty Guinn

The outcomes of NFL games are inordinately influenced by officials relative to other sports. This is not new. The narrative environment faced by the NFL in 2021, however, IS new.

I’m not sure they’re ready for it.

The Mandarin Class

By Ben Hunt

I don’t think there’s anything illegal in how Fed governors trade their personal accounts.

No, I think it’s much worse than that.

When Narrative Takes Flight

By Rusty Guinn

We find ourselves together now at the stage of the Widening Gyre in which your political identity now determines the reality you wish to accept about three days of moderate operational difficulties at the ninth largest global airline, as measured by passenger-miles.

No Time to Die: China Banks Edition

By Marc Rubinstein

With $300+ billion of assets, Evergrande is big, but if you want REALLY big, take a look at the balance sheets of Chinese banks.

ET contributor Marc Rubinstein was there at the beginning when Chinese banks went public, and he’s here now to review the sector.

How Lucky You Are To Be Alive Right Now

By David Salem

ET friend and contributor David Salem is back!

Here with his Constitution Day address at Middlebury College, David makes the rich tradition of academic speeches richer still, with nods to the Founders and Vitalik Buterin alike.

The Uncontained Spark

By Ben Hunt

There is an uncontained spark in the financial world today, a spark that emerged from the unlikeliest of places, a federal courthouse in Florida.

It’s a spark with the potential to light a searing bonfire under Robinhood and Citadel.

#BITFD

Zeroism and the Allocator Status Quo

By Matthew Edwards

ET contributor Matthew Edwards pushes back on seven rules that allocators often apply to new managers.

1) We don’t do crypto.
2) We only invest in what we know.
3) We never pay full fees.
4) We prefer fundamental investment strategies.
5) We seek strong alignment of interests.
6) We cannot be greater than x% of a fund’s total assets under management.
7) We require a minimum track record of X years.

Unanchored

By Brent Donnelly

ET contributor Brent Donnelly starts up where he left off, with a new launch of AM/FX and a new riff on the classic ET note, “Snip!”.

In the immortal words of Hunter S. Thompson, when the going gets weird, the weird turn pro!

Whitestone Bridge

By Ben Hunt

In 1937, in the midst of a Great Depression, we started building a mighty bridge, not for a war effort, but for a popular movement based on wonder and progress.

We really did that.

Can we do it again?

The Green Protocol: A New Vision for Crypto, Pt 2

By Ben Hunt

The Green Protocol is a set of rules for the tokenization of symbolic betting markets in positive social good.

I think this is how crypto saves the world.

Our first step on this new path? Let’s plant one billion new trees in North America over the next ten years.

Cursed Knowledge #5: Hot Coffee

By Harper Hunt

The McDonalds Hot Coffee lawsuit is the archetypal example of nonsense litigation. But there’s a lot more to the story than most people know.

Notes from Camp Kotok 2021

By Brent Donnelly

ET contributor Brent Donnelly with an end-of-summer compilation of the top–of-mind topics at Camp Kotok!

Prophet of the Pandemic

By Luke Burgis

Sophocles knew it. Dostoevsky knew it.

Disruption to the biological order and disruption to the social order are one and the same.

Afghanistan and the Common Knowledge Game

By Ben Hunt

When the State Department announced on August 12th that it was removing all remaining non-essential personnel from Kabul within 3 days and was considering a relocation of the US embassy to the more defensible airport, the fall of the Afghani government became common knowledge.

And that’s when everything fell apart.

The Afghanistan Narratives

By Rusty Guinn

We are in the very early innings of the narrative formation around responsibility for the outcome in Afghanistan. Steel yourselves for weeks of gaslighting from every angle. Hooray.

ET Podcast #13 – Wanting

By Ben Hunt

It’s the only question that really matters here in the Age of Nudge: why do we want what we want?

A conversation with Luke Burgis, author of “Wanting: The Power of Mimetic Desire in Everyday Life”.

Cursed Knowledge #4: The Olympics

By Harper Hunt

The Olympic games are known as a time of triumph and glory. The truth is that a lot more work goes into creating and maintaining that narrative than you’d expect.

How a Narrative Goes Viral

By Rusty Guinn

It is a fact that migrants here illegally have spread, are spreading, and will spread Covid-19.

It is also a narrative. A dangerous, seductive, rapidly spreading narrative that will cause many of us to shut off our minds to other facts, which is what narratives DO.

How do we parse the two?

Sauron Remains Undefeated

By Ben Hunt

Here’s my take on this weekend’s Senate wrangling over the infrastructure bill, and the implications for crypto.

The US Treasury is the Eye of Sauron — a gigantic panopticon tower that sweeps the world with its unblinking gaze, seeking out the owners of power, i.e. money.

And Sauron remains undefeated.

Nudging State, Noble Lies

By Ben Hunt

In the world of Nudge, everyone is an ad man, and the government is just the biggest, baddest ad man of them all.

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Why Am I Reading This Now? 01.06.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.



Why Am I Reading This Now? 12.30.24

Recent major media stories that feel to us like they’re part of a larger narrativ‌e campaign.